Lingotto Investment Management LLP Has $254.38 Million Position in Harmony Gold Mining Company Limited $HMY

Lingotto Investment Management LLP reduced its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 13.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,209,275 shares of the mining company’s stock after selling 2,943,939 shares during the period. Harmony Gold Mining makes up about 5.4% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 6th biggest position. Lingotto Investment Management LLP’s holdings in Harmony Gold Mining were worth $254,384,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LaSalle St. Investment Advisors LLC purchased a new position in Harmony Gold Mining during the first quarter valued at $177,000. Townsquare Capital LLC raised its holdings in shares of Harmony Gold Mining by 6.2% in the first quarter. Townsquare Capital LLC now owns 71,918 shares of the mining company’s stock worth $1,062,000 after buying an additional 4,177 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Harmony Gold Mining by 116.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,606,484 shares of the mining company’s stock worth $23,728,000 after buying an additional 865,632 shares during the period. Aigen Investment Management LP bought a new stake in Harmony Gold Mining during the 1st quarter valued at $371,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Harmony Gold Mining by 30.7% during the first quarter. Russell Investments Group Ltd. now owns 467,378 shares of the mining company’s stock valued at $6,571,000 after purchasing an additional 109,873 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Investec raised shares of Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th. Wall Street Zen upgraded Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, HSBC upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Harmony Gold Mining has an average rating of “Buy” and a consensus price target of $16.00.

Harmony Gold Mining Trading Up 0.5%

HMY stock opened at $19.15 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. The stock’s fifty day simple moving average is $18.01 and its 200-day simple moving average is $15.94. Harmony Gold Mining Company Limited has a 52-week low of $7.97 and a 52-week high of $22.25.

Harmony Gold Mining Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 10th were paid a dividend of $0.0893 per share. This represents a dividend yield of 98.0%. The ex-dividend date was Friday, October 10th.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.